Payouts distribution
The dividends distribution can be done in the form of one or more tokens, and is done continuously (reward/second), through a daily cycle logic.
Funds
The funds are accumulated from the platform collected fees (deposit & swap fees), but can also come from other various sources (team wallet, partnerships, grants...).
Cycles mechanism
The distribution is based on a daily cycle logic: everyday, a fixed part (default is 5%) of the owner-defined accumulated tokens is marked as to be distributed.
The same process is repeated every 24h.
Payouts handling
The distribution of those tokens is equally spread over the duration of the cycle, and allocated on a second-basis to every GRAIL holder, proportionally to their share of the total supply.
In more simpler terms, if your wallet holds 10% of the total GRAIL supply, and the current cycle is distributing 1000 FTM, you will be able to claim 100 FTM by the end of the cycle.
Your dividends being distributed continuously, you don't need to wait for the end of the cycle to collect them. If we extend the previous example, you will be technically able to claim (100/86400 FTM)/s during the whole cycle.
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